“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
Friday, May 26, 2017
Honestly, Why Not Both?
Study: China Trade, Not Automation, Destroying U.S. Jobs
Despite concerns that the robots are coming for our jobs, automation is responsible for only a fourth as many lost jobs as trade with China since the turn of the century, according to a report released Wednesday. The left-leaning Economic Policy Institute analyzed recent research by economists Daron Acemoglu, of the Massachusetts Institute of Technology and…